JPMorgan Chase Cuts US Recession Odds to Below 50 Percent | Business Matters (May 14)

JPMorgan Chase is the latest Wall Street bank to walk back its recession odds following the U.S.–China breakthrough on trade. Economists at JPMorgan told clients that recession risks in the United States have now dropped below 50 percent. That marks a significant shift from early April, when the bank warned of a 60 percent chanc...